Dormant Bitcoin Wallet Holding $2.6M Revives After a Decade

A long-dormant Bitcoin wallet has been reactivated after more than 10 years, sparking interest in the crypto community.

Whale Alert, a platform that tracks blockchain transactions, reported that an address holding 41 BTC, valued at over $2.6 million, suddenly became active after nearly 11 years of inactivity, transferring its entire balance to another wallet.

Interestingly, this address stayed inactive throughout Bitcoin’s major price surges, making the recent transfer a notable event tied to Bitcoin’s shifting market cycles.

Ki Yong Joo, CEO of CryptoQuant, recently explained the phases of Bitcoin’s market evolution. He described how older whales tend to reactivate their holdings first, followed by the emergence of new whales who later transition into retail investors.

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Dormant Bitcoin Wallet Holding $2.6M Revives After a Decade

Eventually, these retail holders mature into long-term players in the market. Joo also highlighted that Bitcoin inflows to exchanges remain steady, a contrast to previous bear market trends.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.